Q No.1 Use the following selected financial data for Happy Valley Co. to answer questions. Net sales Rs.200,000 Cost of goods sold Operating expenses Net income 90,000 80,000 Total assets Total liabilities 10,000 180,000 120,000 Calculate (1) debt ratio (2) operating profit margin (3) return on equity (4) net profit margin (5) Gross Profit ratio (6) Operating expense ratio (7) Assets turnover
Q: Q2) Prepare an income statement using the information given below. Make sure to identify gross…
A: Financial Statements are prepared by the management for reporting purposes. These are the essential…
Q: Discuss changes from 2021 in liquidity, solvency, and profitability
A: Liquidity ratio: It helps a firm to measure its ability to pay off their current debt obligations…
Q: Q 1. An annual income statement from Quest Realty, Inc. is shown below: (A) Revenues Revenue from…
A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…
Q: BRIEF EXERCISE 8.1 Using the following data from the comparative statements of financial position of…
A: Since you have asked for multiple questions we will answer the first question for you . If you want…
Q: A2 1 g Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2…
A: Given, the firm assumes that the cost of goods sold, all assets (current and fixed), and accounts…
Q: Problem 3.7 The Oakland Mills Company has disclosed the following financial information in its…
A: Income statement (IS) shows a net result from the operations. It is prepared to know the actual…
Q: Step 2 Statement of Profit and loss account Particulars Amount (In $) Amount (In $) In millions in…
A: Earnings per share (EPS) is a financial ratio that represents earnings after-tax available to common…
Q: Using Table 6–13, create a pro forma balance sheet using the percentage ofsales method. If net…
A: Excel Spreadsheet:
Q: Problem 2. A multi-step income statement showed net sales of Php 870,000, cost of goods sold of Php…
A: The question is based on the concept of Cost Accounting. The total expenses incurred and revenues…
Q: The Oakland Mills Company has disclosed the following financial information in its annual reports…
A: Given, Sales = $1,438,049 Cost of Goods Sold =$658,116.42 Depreciation Expense =$175,000 Interest…
Q: LGG 2-18 Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year…
A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…
Q: Calculate the accounting profit and economic profit for each of the following firms (amounts are in…
A: Formula: Accounting profit = Total Revenue - Total cost. Deduction of total cost from revenues…
Q: Q5: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating…
A: The gross profit is calculated as difference between sales and cost of goods sold.
Q: YEAR 1 YEAR 2 Net Sales 9,937,650 12,937,000 Less: Cost of Goods Sold 3,387,650 4,295,000 Gross…
A: Here in this question, we are required to prepare horizontal analysis. Horizontal analysis is a…
Q: Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net…
A: Answer - Given, Net Income = 369812 Sales = 1656598 Addition to R/E = 258868 Therefore, Profit =…
Q: Required: Compute total current assets and total quick assets of chezo Compute company current…
A: Financial ratio: Financial ratio can be defined as various ratios calculated from the items reported…
Q: Prepare an Income Statement of ABC Company. Arrange the following accounts title in its proper…
A: Formula: Gross profit = Sales - Cost of goods sold.
Q: Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net…
A: Answer - Formula for ROA = Net income/ Total Assets Given, Net Income = 369812 Total Assets =…
Q: YEAR 1 YEAR 2 Net Sales 9,937,650 12,937,000 Less: Cost of Goods Sold 3,387,650 4,925,000 Gross…
A: Here in this question, we are required to prepare vertical analysis. In this analysis, all the…
Q: Income or loss from continuing and discontinued operations net income retained earnings balance
A: In this problem the Income Statement and Balance Sheet is prepared but not…
Q: 2. Problem 2: The statement of comprehensive Income of Alexis Company is reproduced below. 2719…
A: 1. Horizontal Analysis - Horizontal Analysis is calculated by first calculating difference between…
Q: Problem 2 (Calculating EFN) The most recent financial statements for Donald Inc., are shown assuming…
A: Calculation of external financing needed:EFN=Assetssales×∆sales = 8,3006,300×7,434 =…
Q: Crisol Corp. showed net income of 480,000 for the year. Selling expenses were equal to 15% of sales…
A: If sales = 100, Selling Expenses will be 15 Cost of goods sold will be 15 / 25% = 60 So, Cost of…
Q: Problem 2 The following income statement data presented by VGP Company for the years ended December…
A: SOLUTION FORMULAS 1- PRICE QUANTITY VARIANCE = (UNIT SOLD IN 2021 - UNIT SOLD IN 2020)/ RATE PER…
Q: Complete the balance sheet and sales information using the following financial data: Total assets…
A:
Q: A. The following information has been taken from the accounting records of Ahmed and Company in…
A:
Q: Problem 2 VERTICAL ANALYSIS. The Lyons Corporation reported the following income statem data: 20X2…
A: Income statement: Under this Statement showing the company’s performance over a period of time by…
Q: Question 4 The income statement for Forklift Electrical Ltd for two years are shown below: Forklift…
A: A business corporation may open different branches and these branches are called as business…
Q: 2016 Q.No. The income statement for Anupam Company Sales revenues Cost of goods sold Gross profit…
A: Lets understand the basics. Cashflow statement is prepared by management to understand the cash…
Q: ValleMiramar has the following data: Net sales, P1.8 M; Costs of Goods Sold , P 1.08;…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Table 3.3 shows the December 31, 2018 pro forma balance sheet and income statements for R&E…
A: The company is estimating an external financing of $1.4 million even though they have $1.3 million…
Q: 4. VERTICAL ANALYSIS Our Company Statement of Financial Position December 31, 201A, and 201B ASSETS…
A: Vertical analysis of financial statements means an analysis of each item as a percentage of…
Q: Prepare a single-step income statement with basic earnings per share disclosure
A: Income statement: It is a financial statement prepared by a company that reports revenues and…
Q: Q3.CASE STUDY: SANJAY INDUSTRIES LTD. (Balance Sheet and Income Statement) The followingare the…
A: TRADING & PROFIT AND LOSS…
Q: QUESTION 5 XYZ company provided the following information Sales Accounts payable Selling expenses…
A: Expenses=Selling+Administrative+Other=$37,000+$13,000+$22,000=$72,000
Q: 3.3 Forten Company's current year income statement, comparative balance sheets, and…
A: Statement of Cash Flow - Statement of Cash Flow shows the inflow and outflow of cash during the…
Q: Problem 1 HORIZONTAL ANALYSIS. Smith Corporation provides the following comparative income…
A: Horizontal analysis of income statement helps in identifying the change in each element of income…
Q: QUESTION 21 Answer the following questions based on Daktronic Inc's selected financial data provided…
A: Company calculates the ratios with an intention to evaluate and analyze the past events and also…
Q: 2- Complete the following statement: A 8,000 B 9,000 C 5,000 4,200 Sales 6,000 4,000 Cost of goods…
A:
Q: Keller Cosmetics maintains an operating profit margin of 8% and a sales-to-assets ratio of 3. It has…
A: Operating profit margin= 8% Sales-to-assets ratio= 3 Assets= $500,000 Equity= $300,000 Interest…
Q: TASK THREE: Income Statement for the year ended 31 December 2020 Edward Frankie Company Company…
A: Gross profit ratio = Gross profit/ Sales Net profit ratio = Net profit/ Sales Expense to sales ratio…
Q: 1 KPT Enterprises 2 COMPARITIVE INCOME STATEMENT 3 for years ended 31 December 4 5 Revenues and…
A: Income statement: The income statement of an organization shows all incomes or revenue and expenses…
Q: May I please have the answer in formula form and not in excel. Thx:) Use the following information…
A: External Finance needed (EFN) It is the difference between the amount a firm can raise from its…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yieldMeasures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yieldRatio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
- Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for 20X3 it as follows (amounts in millions): Required: Next Level Compute the following for 20X3. Provide a brief description of what each ratio reveals about McCormick 1. return on common equity 2. debt-to-assets 3. debt-toequity 4. current 5. quick (McCormick uses cash and equivalents, short-term securities and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable turnover days 9. operating cycle (in days) 10. total asset turnover Use the following information for 14-17 and 14-18: The Hershey Company is one of the worlds leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hersheys consolidated balance sheets for 20X2 and 20X3 follow.Financial leverage Costco Wholesale Corporation (COST) and Wel-Mart Stroes Inc. (WMT)reported the following data (in milllions) for a recent year: Compute the return on stockholders equity. Round to one decimal place.Solar Solutions began operations on January 1, 2015, and is now in its sixth year of operations. It is a retail sales company with a large amount of online sales. The adjusted trial balance as of December 31, 2020 appears below, along with prior year balance sheet data and some additional transaction data for 2020. SOLAR SOLUTIONS Adjusted Trial Balance 12/31/2020 2020 2019 Account Title Adjusted Trial Balance Post-Closing Trial Balance $ 125,600 Debit Credit 35,000 6,000 Debit Credit Cash Accounts Receivable Prepaid Insurance Inventory Office Equipment Machinery & Tools |Accumulated Depreciation Accounts Payable Salaries Payable Sales Tax Payable Note Payable-Long Term Common Stock, $10 par Retained Earnings $ 122,200 125,600 55,000 35,000 15,600 5,000 6,000 47,000 46,000 15,600 21,000 63,000 47,000 (16,000) $ 234,200 59,000 21,000 21,000 16,000 11,200 16,800 2,600 2,700 2,000 31,000 4,000 22,100 240,000 160,000 28,600 28,600 Dividends 10,000 Sales Revenue 235,000 Cost of Goods Sold…
- QAnalysis of Financial Statement:. The Balance Sheet of Decent Limiled on December 131, 2017 Assets $60,000 Cash Marketable Securities Account seceivable Merchandise inventory Land OFFICE equiment (Net) 90,000 150,000 100,000 250,000 350,000 Total Assets $1,000,000 Equites Noles payable Reat payable Accounts payable Bonds payable Share Capital ($10) Share premium Retained Earnings General Reservě 9 90,000 60,000 So,000 100,000 400,000 100,000 150,000 50,000 Total Equities $1,000,000Requirement 1. Compute these ratios: Working Capital Current Debt-to- Ratio Cash Ratio Debt Ratio Equity Ratio Round ratios to two 14.44 212400 7.73 decimal places or format as percentages or Accounts Days Sales currency as appropriate. Inventory Days Sales in Gross ProfitReceivable in Turnover Inventory Percentage Turnover Receivables 2019 Total Assets = Rate of Rate of Asset Return on Return on Turnover Stockholders' Earnings Total Assets Ratio Equity Per Share 2019 SHE = Price/ Earnings *Current Stock Price is Dividend $10.00 per share Ratio* Dividend Yield Payout Dividend per share= Requirement 2. Based on the ratios computed above, analyze the company's ability to pay its debts (both current and long term). Refer to at least 3 specific ratios in your analysis. Requirement 3: Based on the ratios computed above, analyze the company's management of inventory. Refer to at least 2 specific ratios in your analysis. Requirement 4: Based on the ratios computed above, analyze the company's…Calculate the activity and liquidity ratios for P for the year ended 31 December 20X9. Revenue Gross profit Inventory Trade receivables Trade payables Cash Short-term investments Other current liabilities $m 1,867.5 489.3 147.9 393.4 275.1 53.8 6.2 284.3 Current ratio= Current assets Current liabilities Inventory days Inventory days = inventory+ cost of sales × 365 Receivable days Receivable days - receivables + credit sales x 365 Payable days Payable days = payables ÷ credit purchases x 365.
- CHALLENGE 10. Using the following data for Jackson Products Company, answer Parts a through g: Jackson Products Company's Balance Sheet December 31, 2010 $ 240,000 Accounts payable $ 380,000 Cash Accounts receivable 320,000 Nates payable (9%) 420,000 Inventory 1,040,000 Other current liabilities 50,000 Total current assets $1,600,000 Total current liabilities $ 850,000 Net plant and equipment 800,000 Long-tem debt (10%) Stockholders' equity 800,000 Total assets $2,400,000 750,000 Total liabilities and stockhalders' equity $2,400,000 Income Statement for the Year Ended December 31, 2010 Net sales (all on credit) $3,000,000 Cost af sales 1,800,000 Gross profit Selling, general, and administrative expenses Eamings before interest and taxes $1,200,000 860,000 $ 340,000 Interest: Notes $37,800 Long-term debt Total interest charges 80,000 117,800 Eamings before taxes $ 222,200 Federal income tax (40%) Eamings after taxes 88,880 $ 133,320SalesOperating costs (excluding depreciation and amortization) EBITDADepreciation and amortization Earnings before interest and taxes Interest Earnings before taxesTaxes (40%)Net income available to common stockholders Common dividendsSEBRINGCORPORATION: BALANCESHEETSFORYEARENDINGDECEMBER31 (FIGURES ARE STATED IN MILLIONS) Assets: Cash and marketable securities Accounts receivableInventories Total current assets Gross Fixed Assets Less DepreciationNet plant and equipment Total assets 2005 2004 $3,600.0 $3,000.0 $3,060.0 $2,550.0 $540.0 $450.0 90.0 75.0 $450.0 $375.0 65.0 60.0 $385.0 $315.0 154.0 126.0 $231.0 $189.0 $15.0 $13.0 2005 2004 $ 36.00 $ 30.00 $ 340.00 $ 250.00 $ 457.00 $ 351.00 $ 833.00 $ 631.00 $ 1,065.00 $ 825.00 $ (165.00) $ (75.00) $ 900.00 $ 750.00 $ 1,733.00 $ 1,381.00 $ 324.00 $ 270.00 $ 201.00 $ 155.00 $ 216.00 $ 180.00 $ 741.00 $ 605.00 $ 450.00 $ 450.00 $ 1,191.00 $ 1,055.00 $ 150.00 $ 150.00 $ 392.00 $ 176.00 $ 542.00 $ 326.00 $ 1,733.00 $ 1,381.00…ces Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 7,500 shares outstanding) Retained earnings Total liabilities and stockholders' equity Return on assets Total asset turnover Net profit margin % Year 2 % $ 220,000 119,500 100,500 59,000 41,500 11,000 $ 30,500 $7,000 15,500 43,000 49,500 $ 115,000 $ 17,500 46,500 37,500 Year 11 $ 174,500 103,000 71,500 54,500 17,000 5,500 $ 11,500 2. Compute return on assets, total asset turnover, and the net profit margin for Year 2. Note: Round your answers to 2 decimal places. $ 8,500 19,500 38,400 41,000 $ 107,400 $ 18,500 46,500 37,500 4,900 13,500 $ 115,000 $ 107,400